Lenskart shares zoom nearly 7% to fresh 52-week high after strong Q1 results and MSCI inclusion buzz

Lenskart Solutions shares surged nearly 7% to a fresh 52-week high following strong first-quarter results and buzz surrounding inclusion in the MSCI Global Standard index. The eyewear retailer reported a significant increase in consolidated net profit for the April-June period, posting a profit of ₹221.84 crore, up from a previous figure.

Revenue from operations grew by 43.3% to ₹2,714.18 crore, with India segment revenue rising 30.7% to ₹1,531 crore and international revenue expanding 38% to ₹1,203 crore. The company approved increasing its equity stake in Baofeng Framekart Technology Ltd from 51% to 70%, valued at around RMB 7.5 million. Additionally, Lenskart incorporated OWNDAYS Korea and Wenzhou Framekart Trade Co, Ltd as step-down subsidiaries.

Jefferies maintained a buy rating and raised its target price to ₹680, highlighting the company's strong growth and margin expansion. Macquarie raised its target price to ₹675 and retained an outperform recommendation, noting international operations exceeded expectations. Morgan Stanley retained an overweight rating with a target price of ₹666, emphasizing the strong performance driven by international business.

HSBC kept its hold rating with a target price of ₹575, citing an 8% beat on EBITDA, with international operations contributing to the growth. Citi raised its target price to ₹650, noting strong growth and profitability in both India and international operations. Global index provider MSCI announced it will add Lenskart and three other Indian companies to its Global Standard index on September 1, 2026.